ss

Lockheed Martin has won a $1.09bn contract to build PAC-3 missiles for the US Army and its allied military forces, including the South Korean Army, Qatar, and Saudi Arabian Army.

The PAC-3 missiles will be used in the Raytheon-built Patriot missile defense system.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The contract includes delivery of Patriot advanced capability-3 (PAC-3) missiles, and PAC-3 missile segment enhancement (MSE) missiles to the US Army.

The US allies Saudi Arabia, the Republic of Korea, and Qatar will get PAC-3 interceptors, launcher modification kits, and associated equipment and spares.

Lockheed Martin vice-president Scott Arnold said: "Our PAC-3 and PAC-3 MSE interceptors are the most trusted and capable terminal air defense missiles in the world, and we’re proud to support our customers as they protect soldiers, citizens and infrastructure from adversary threats.

See Also:

"Our PAC-3 and PAC-3 MSE interceptors are the most trusted and capable terminal air defense missiles in the world."

"All Lockheed Martin-built missile defence interceptors utilise advanced hit-to-kill technology enabling better accuracy, enhanced safety, and improved reliability when it matters most."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The PAC-3 missile is a high-velocity interceptor, designed to defend against incoming threats posed by tactical ballistic missiles, cruise missiles, and aircrafts.

PAC-3 is presently used by six nations, which includes the US, the Netherlands, Germany, Japan, United Arab Emirates and Taiwan.

As well as South Korea, Qatar and Saudi Arabia, Lockheed Martin is also under contract with Kuwait.

Last year, the Defense Security Cooperation Agency announced the possible sale of PAC-3 missiles to Saudi Arabia, which was valued at $1.75bn.

The US government gave its approval for the sale of PAC-3 missiles worth up to $1.41bn with South Korea in November 2014.

Image:Lockheed Martin has received a $1.1bn contract for production and delivery of PAC-3. Photo: courtesy of PRNewsFoto/Lockheed Martin.